According to CBS New York, a former Connecticut securities broker faces sentencing for stealing more than $1.35 million from his clients. Gregory Buchholz of Bridgewater is scheduled to be sentenced in federal court in Bridgeport. He pleaded guilty to wire fraud. Prosecutors say the 45-year-old Buchholz liquidated clients’ annuities and mutual funds and kept the [...]
The White Law Group is investigating investment recommendations made by former Raymond James financial advisor Robert Lipka. Specifically, we are investigating whether Mr. Lipka made unsuitable investment recommendations and failed to implement a stop loss strategy that had been discussed with his client. According to his FINRA Broker Report (CRD), Robert Lipka was a registered [...]
FINRA recently announced that Wadsworth Investment Co., Inc. and William Frederick Wadsworth of Wallingford, Connecticut have been fined $100,000 and required to hire an independent consultant to review its policies, systems, procedures (written and otherwise) and trailing related to its violations of federal securities laws, FINRA and MSRB Rules, and implement the consultant’s recommendations. William [...]
UBS Securities LLC was recently fined $320,000 by FINRA and required to revise its written supervisory procedures regarding OATS compliance, order handling, sales transactions, soft dollar accounts and trading, the firm’s use of multiple market participant identifiers, preventing anti-intimidations/coordination, quoting and trading rules, and books and records. Without admitting or denying the findings, UBS Securities [...]